Question

When calculating interest accrued, you use the

O A. APR
O B. APY
O C. debt ratio
O D. going rate

Answer 1

A. APR.

multiply the principal by the APR and the
number of months in the year, then divide by the
number of months earning interest. multiply the
principal by the APR and number of months,
then divide by the total number of months in the
year. multiply the principal by the APR and
number of months.